UPMC Group represents the operations of 52 tax-exempt entities including 15 hospitals, 12 physician groups, 3 skilled nursing facilities, and 22 other ancillary and support entities within the UPMC (University of Pittsburgh Medical Center) integrated healthcare delivery system.
Key financial details about UPMC Group for the year ending June 30, 2018 are summarized as follows:
- Total revenue was $13.5 billion, of which $7.6 billion was net patient revenue and $5.3 billion was “other program service revenue.”
- Expenses totaled $12.9 billon (not including $400 million in depreciation), with the 4 largest expenses being compensation ($5.6 billion), medical expenses ($3.7 billion), other expenses ($1.3 billion), and drugs and supplies ($1.2 billion).
- UPMC Group had $5.7 billion in net assets at year-end.
62,093 employees received total compensation of $5.6 billion, which equates to an average compensation of $90,000. 7,958 employees received more than $100,000 in compensation with the 176 most highly compensated employees reported to be: Read more